GregLee
Thinks s/he gets paid by the post
Why not? That's the way bonds work. Regardless of their current value, they continue to deliver their stated rate of interest. Aside from the possibility of calling the bonds, as interest rates rise in the future (as they will do, presumably), the amount you could get by selling a long term bond will decline, but as the holder of the bond, you will continue to get the stated interest (provided there is no default).I don't quite see how it would be possible for a portfolio of bonds to be capable of supporting "your current lifestyle for the rest of your natural life", and at the same time steadily decline in real value.